Borr Drilling (NYSE:BORR) Sets New 1-Year Low – Time to Sell?

Borr Drilling Limited (NYSE:BORR)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $3.21 and last traded at $3.29, with a volume of 1480657 shares trading hands. The stock had previously closed at $3.25.

Borr Drilling Stock Down 2.3 %

The company has a market cap of $804.47 million, a PE ratio of 9.65 and a beta of 2.84. The firm has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $4.66. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Salvus Wealth Management LLC purchased a new stake in shares of Borr Drilling in the fourth quarter valued at $59,000. SBI Securities Co. Ltd. purchased a new position in Borr Drilling during the fourth quarter worth about $59,000. Ballentine Partners LLC acquired a new stake in Borr Drilling in the 4th quarter worth about $83,000. Westend Capital Management LLC purchased a new stake in Borr Drilling in the 4th quarter valued at about $86,000. Finally, Cibc World Markets Corp acquired a new position in shares of Borr Drilling during the 4th quarter valued at about $87,000. 83.12% of the stock is currently owned by institutional investors and hedge funds.

About Borr Drilling

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.